Yesterday I did receive an answer to my second question from David Vadala, Vice President of RBMG. His answer suggests 3rd & 4th Quarter sales should be significantly higher. Let's hope that is the case.
Hello -----,
Thank you for your interest in Else Nutrition. I wanted to follow up and address your question for Else management. You wrote:
Q. Many companies including Else Nutrition have had to deal with supply chain issues. If indeed supply has been an issue, why is it that at the same time the company has aggressively expanded its distribution channels and retail locations. Please reassure me that Else will be able to meet the additional demand with sufficient supply.
A. Supply chain issues spiked in the first half of 2022, with increase in sales (in Q2) and difficulty to source enough raw ingredients. This caused our stock levels to drop and also created some OOS situations. We believe that we are now starting to come out of this situation – we secured more ingredients providers and manufacturing plants, and we are planning to increase our overall stock levels in the coming months. We are working hard to have enough stock in time for our retail partners in North America and elsewhere.
If you have any other questions or if I can be of help in some other way, please let me know.
Best,
Dave
–
David M. Vadala
Vice President
dvadala@
rbmilestone.com D +1 203 487 2993
M +1 917 647 5107
700 Canal Street
First Floor
Stamford, CT 06902 T +1 212 661 0075
F +1 203 486 8875
125 Park Avenue
25th Floor
New York, NY 10168
——
RB Milestone Group LLC.
